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In Third World America, You Can't Buy a Ream of Paper on Minimum Wage

By Implode-Explode Heavy Industries

``the financial system has strangled U.S. growth by parasitically growing from 3% of GDP in 1965 to 7.5% of GDP currently. Money was diverted from capital investment, the most important stimulus generator for our economy, to save corrupt financial institutions. Financial services now account for 35-40% of all corporate profits in the U.S. That number should be less than 5% in an honest economy. CEOs of bailed-out banks earn more than they did before the bailout.''

Full post as published by Mortgage Lender Implode-o-Meter on December 18, 2010 (boomark / email).